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Garrison Capital (NASDAQ:GARS) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Wednesday, reports. They currently have a $15.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 1.76% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of Garrison Capital (NASDAQ:GARS) traded down 0.81% during mid-day trading on Wednesday, hitting $14.62. 30,383 shares of the company’s stock traded hands. Garrison Capital has a one year low of $13.68 and a one year high of $15.75. The stock’s 50-day moving average is $14.28 and its 200-day moving average is $14.27.

Garrison Capital (NASDAQ:GARS) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.02. On average, analysts predict that Garrison Capital will post $1.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 9.50%. The ex-dividend date is Wednesday, June 11th.

Separately, analysts at Ladenburg Thalmann initiated coverage on shares of Garrison Capital in a research note on Monday. They set a “neutral” rating on the stock.

Garrison Capital Inc, (NASDAQ:GARS) incorporated on November 29, 2010, is a non-diversified closed-end management investment company.

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